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By Rhea Mogul, CNN (CNN) — Pakistan has reached a preliminary deal with the International Monetary Fund (IMF) worth about $3 billion that could help stabilize its flailing economy and lift the South Asian nation out of a crisis that has pushed millions to the brink. The staff-level agreement is subject to approval by the
Continue ReadingBy Laura He, CNN Hong Kong (CNN) — Momentum from an economic recovery in China early this year has faded further, with activity in the services industry and construction sector dropping to its weakest level since December, according to official data released Friday. The non-manufacturing Purchasing Managers’ Index, an important reading of sentiment in the
Continue ReadingBy Chris Isidore, CNN New York (CNN) — Spirit AeroSystems, a key supplier to Boeing, is set to reopen next week after members of the International Association of Machinists voted Thursday to ratify a tentative labor agreement and end a week-long strike. Members voted 63% in favor of the four-year agreement, according to vote results
Continue ReadingBy Clare Duffy, CNN New York (CNN) — Dylan Mulvaney on Thursday broke her silence about the fallout that occurred after the trans influencer made two Instagram posts sponsored by Bud Light earlier this year. Bud Light’s sponsorship of an April 1 Instagram post by Mulvaney set off a firestorm of anti-trans backlash and calls
Continue ReadingBy Clare Duffy, CNN New York (CNN) — Dylan Mulvaney on Thursday broke her silence about the fallout that occurred after the trans influencer made two Instagram posts sponsored by Bud Light earlier this year. Bud Light’s sponsorship of an April 1 Instagram post by Mulvaney set off a firestorm of anti-trans backlash and calls
Continue ReadingBy Liam Reilly, CNN (CNN) — Television veteran Geraldo Rivera announced on Thursday that he was leaving Fox News after being fired from the program “The Five.” “I’m not going to be on ‘The Five,’” Rivera said of the network’s 5 p.m. talk show in a video posted to Twitter. “I’ve been fired from ‘The
Continue ReadingBy Samantha Delouya, CNN New York (CNN) — A fire near Tiffany & Co.’s newly renovated flagship store in New York City sent smoke pouring out of the building on Thursday. Firefighters responded to a transformer fire that began in an electrical vault next to the jewelry store’s 5th Avenue location in Manhattan. The New
Continue Readingby Brian Fung, CNN New York (CNN) — A looming deadline for airlines to retrofit their planes with updated technology could potentially disrupt some flights during one of the heaviest travel weekends of the year. On July 1, wireless carriers such as AT&T and Verizon are set to begin running their 5G cellular networks at
Continue ReadingCNN By Ramishah Maruf, CNN New York (CNN) — A group of American fashion influencers and creators has received online backlash after they visited a model factory in China as part of a tour sponsored by Shein, an internet shopping giant, and posted glowing reviews. Shein – which is known for selling trendy clothing at
Continue ReadingBy Matt Egan and Tami Luhby, CNN New York (CNN) — America’s mountain of debt is poised to climb to new heights later this decade even after Republicans and Democrats reached a deal to chip away at the federal deficit. US debt held by the public will climb to a record high of 107% of
Continue ReadingBy Jordan Valinsky, CNN Business New York (CNN) — The prolonged shortage of a certain red sauce is making the black market go wild. Prices of Sriracha sauce are as high as $70 on eBay as people look to snap up the spicy sauce — and they’re even steeper on Amazon, up to $124. Huy
Continue ReadingBy Anna Bahney, Alicia Wallace and Elisabeth Buchwald, CNN Washington, DC (CNN) — The housing market showed clear signs of slowing, according to new data released on Thursday. Mortgage rates climbed this week after three weeks of declines, according to the latest survey from Freddie Mac. Separately, a report from the National Association of Realtors
Continue ReadingBy Matt Egan and Kara Scannell, CNN New York (CNN) — Federal prosecutors arrested three investors on Thursday on insider trading charges related to a deal to take former President Donald Trump’s media business public. According to the indictment, the three individuals together made more than $22 million in October 2021 by illegally trading on
Continue ReadingBy Hanna Ziady, CNN London (CNN) — Russian assets frozen in European accounts could generate billions of dollars a year for rebuilding Ukraine. But can that money be used without breaching international law or damaging the euro’s international standing? European Union leaders grappled with that question at a meeting of the European Council in Brussels
Continue ReadingBy Catherine Thorbecke, CNN New York (CNN) — Snap said Thursday that it has garnered more than 4 million paying customers for its subscription service Snapchat+. The news comes on the one-year anniversary of Snap launching the service on its flagship platform, Snapchat, and shows how it is finding some early success in getting users
Continue ReadingBy Catherine Thorbecke, CNN New York (CNN) — Snap said Thursday that it has garnered more than 4 million paying customers for its subscription service Snapchat+. The news comes on the one-year anniversary of Snap launching the service on its flagship platform, Snapchat, and shows how it is finding some early success in getting users
Continue ReadingBy Anna Cooban, CNN London (CNN) — Italians were supposed to be on a “pasta strike” this week but it was called off after prices for the national staple started to fall. Zoom out, though, and global food prices are still far higher than a year ago, despite precipitous drops in the cost of key
Continue ReadingBy Chris Isidore, Pete Muntean and Gregory Wallace, CNN New York (CNN) — The problems with flight delays and cancellations that have plagued US travelers this week are mostly over — except at struggling United Airlines. Tracking service FlightAware shows that there are 487 flights to, from or within the United States that have been
Continue ReadingBy Bryan Mena, CNN Washington, DC (CNN) — The US economy expanded at a much faster pace in the first three months of the year than previously estimated, the Commerce Department reported on Thursday. Gross domestic product, the broadest measure of economic output, rose by an annualized rate of 2% in the first quarter, up
Continue ReadingBy Jordan Valinsky, CNN New York (CNN) — Overstock.com, one of the biggest names in e-commerce, is ditching its name for something just as recognizable: Bed Bath & Beyond. The change comes following a judge’s approval of Overstock’s purchase of the bankrupt brand’s name, domain and loyalty program assets earlier this week for more than
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